Area Guide and Property Market of Lugbe, Abuja

Area Guide and Property Market of Lugbe, AbujaLugbe is a rapidly developing suburb located in the Federal Capital Territory (FCT) of Nigeria. It lies approximately 12 kilometers from the central business district of Abuja and is situated along the Airport Road, making it a strategic location for both residential and commercial purposes. .

Location and Accessibility
Lugbe is strategically positioned along the Nnamdi Azikiwe International Airport Road, providing easy access to the Abuja city center, the airport, and other significant areas. The suburb is divided into various districts and estates, each with its unique characteristics. Its proximity to major highways makes it an attractive location for residents who work in the city but prefer a quieter, more suburban lifestyle.

Infrastructure and Development
The area has witnessed significant infrastructure development over the years, driven by both private and government investments. The presence of good road networks, electricity, and water supply has boosted the area’s appeal. Additionally, ongoing and completed projects, such as new road constructions and estate developments, have further enhanced Lugbe’s infrastructure.

Amenities in Lugbe

Lugbe boasts a variety of educational institutions, ranging from primary to tertiary levels. Notable schools in the area include:

Lead British International School
Lugbe Primary School
Nobel Hall Leadership Academy for Girls
Lugbe Secondary School
These schools provide quality education and contribute to making Lugbe a family-friendly environment.

Healthcare facilities in Lugbe are fairly developed, with several clinics, hospitals, and pharmacies available to cater to the health needs of residents. Some prominent healthcare institutions include:

*Lugbe General Hospital
*Primus International Super Specialty Hospital
*Federal Housing Clinic

Shopping and Entertainment
Lugbe offers a range of shopping and entertainment options, including supermarkets, markets, and shopping plazas. Popular spots include:

Lugbe Market
Novare Gateway Mall (located nearby)
Shoprite Lugbe
These facilities provide residents with convenient access to groceries, household items, and leisure activities.

Public transportation in Lugbe is well-organized, with numerous taxis, buses, and motorcycle services available for commuting within and outside the area. The strategic location along the Airport Road also makes it easy for residents to access the airport and other parts of Abuja.

Property Market in Lugbe

Residential Properties
The property market in Lugbe has seen substantial growth due to increasing demand for affordable housing close to the city center. The area offers a mix of housing options, including apartments, duplexes, bungalows, and detached houses. Some of the popular residential estates in Lugbe include:

*Trademore Estate
*River Park Estate
*Dunamis Glory Dome Estate

Cost of apartments in Lugbe:

1-bedroom apartments: ₦500,000 to ₦1,000,000 per annum
2-bedroom apartments: ₦800,000 to ₦1,500,000 per annum
3-bedroom apartments: ₦1,200,000 to ₦2,500,000 per annum
Duplexes and detached houses: ₦2,500,000 to ₦5,000,000 per annum

Commercial Properties
Lugbe also offers opportunities for commercial real estate, with various shops, office spaces, and warehouses available for rent or purchase. The increasing population and development projects have created a conducive environment for businesses to thrive.

Costs to rent commercial properties in Lugbe

Retail shops: ₦300,000 to ₦1,000,000 per annum (depending on size and location)
Office spaces: ₦500,000 to ₦2,000,000 per annum
Warehouses: ₦2,000,000 to ₦5,000,000 per annum

Land in Lugbe is in high demand due to its potential for both residential and commercial development. Various sizes of plots are available for sale, with prices varying based on location, accessibility, and proximity to major roads and amenities.

Prices of land for sale in Lugbe

Residential plots: ₦2,000,000 to ₦10,000,000 per plot
Commercial plots: ₦5,000,000 to ₦20,000,000 per plot

Investment Potential

Lugbe’s real estate market presents a significant investment potential due to several factors:

Proximity to Abuja: Being close to the city center makes Lugbe an attractive option for those looking for affordable housing while maintaining access to urban amenities.
Infrastructure Development: Ongoing and completed infrastructure projects enhance the area’s appeal and increase property values.
Growing Population: The influx of residents, driven by affordable housing and employment opportunities, fuels demand for real estate.
Government Policies: Supportive government policies and investments in housing projects contribute to the area’s growth and development.

Despite its many advantages, Lugbe faces some challenges, including:

Traffic Congestion: The increasing population and development have led to traffic congestion, especially during peak hours.
Infrastructure Strain: Rapid development sometimes strains existing infrastructure, leading to occasional issues with water and electricity supply.
Security Concerns: As with many developing areas, ensuring adequate security remains a priority to protect residents and property.

Lugbe, Abuja, is a rapidly growing suburb with significant potential for both residential and commercial real estate investments. Its strategic location, combined with ongoing infrastructure developments and a variety of amenities, makes it an attractive option for homebuyers, renters, and investors.

Image Credit: Around Abuja Blog

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *